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[Form 4] CIRRUS LOGIC, INC. Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Thomas Scott, reported changes in his beneficial ownership of Cirrus Logic, Inc. (CRUS) on 09/18/2025. Under a Rule 10b5-1 plan adopted August 9, 2024, he exercised a non-qualified stock option11,089 shares at an exercise price of $41.49. On the same date he sold 11,089 shares at $121.49. After these transactions the filing reports 37,396 shares beneficially owned by the reporting person. The option referenced was fully vested per the filing (vesting completed 11/7/2022) and only vested shares could be exercised.

Positive
  • Transaction executed under a Rule 10b5-1 plan, indicating pre-arranged, compliant insider trading
  • Full disclosure of exercise and sale prices ($41.49 exercise; $121.49 sale) and post-transaction beneficial ownership (37,396 shares)
  • Option was fully vested (vesting completed 11/07/2022) and filing states only vested shares could be exercised
Negative
  • None.

Insights

TL;DR: Routine insider option exercise and sale executed under a 10b5-1 plan; no novel disclosure or unexpected change in ownership.

The filing shows a synchronized exercise and sale of 11,089 shares on 09/18/2025 under a Rule 10b5-1 plan adopted 08/09/2024. The exercise price was $41.49 and sale price $121.49, and the reporting person retains 37,396 shares after the transactions. The disclosure is precise about vesting (fully vested by 11/07/2022) and indicates direct beneficial ownership. For investors, this is a transparent, rule-compliant insider liquidity event rather than an indicator of material corporate change.

TL;DR: Transaction appears compliant and routine; use of a documented 10b5-1 plan reduces timing concerns.

The report documents an option exercise and contemporaneous sale executed pursuant to a pre-established 10b5-1 plan adopted 08/09/2024. The filer discloses the vesting schedule and that only vested shares were exercisable, which supports governance best practices for insider transactions. The filing is straightforward and contains the required detail for Section 16 reporting, with ownership totals and transaction prices clearly stated.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
THOMAS SCOTT

(Last) (First) (Middle)
800 WEST 6TH STREET

(Street)
AUSTIN TX 78701

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CIRRUS LOGIC, INC. [ CRUS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, General Counsel
3. Date of Earliest Transaction (Month/Day/Year)
09/18/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/18/2025 M(1) 11,089 A $41.49 37,396 D
Common Stock 09/18/2025 S(1) 11,089 D $121.49 26,307 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy) $41.49 09/18/2025 M(1) 11,089 (2) 11/07/2028 Common Stock 11,089 $0 0 D
Explanation of Responses:
1. This transaction was made pursuant to a Rule 10b5-1 plan adopted by the reporting person on August 9. 2024.
2. Only vested shares can be exercised under this option. 25% of the shares will vested on 11/7/19; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 11/7/22.
Remarks:
Gregory Scott Thomas 09/18/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did the Form 4 filed for CRUS disclose on 09/18/2025?

The Form 4 shows the reporting person exercised 11,089 options at $41.49 and sold 11,089 shares at $121.49 on 09/18/2025, leaving 37,396 shares beneficially owned.

Was the insider transaction for CRUS executed under a trading plan?

Yes. The filing states the transactions were made pursuant to a Rule 10b5-1 plan adopted on August 9, 2024.

Were the options exercised in the CRUS filing vested?

Yes. The filing notes the option was fully vested with vesting completed on 11/07/2022, and only vested shares could be exercised.

How many shares does the reporting person own after the transactions?

The filing reports 37,396 shares beneficially owned following the reported transactions.

What prices were involved in the CRUS insider transactions?

The exercise price was $41.49 and the sale price was $121.49 as reported in the Form 4.
Cirrus Logic Inc

NASDAQ:CRUS

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6.09B
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2.75%
Semiconductors
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United States
AUSTIN